©2021 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Exclusively Listed By:

TERRY MOORE, CCIM

SVP, Principal www.SandiegoApartmentBroker.com

Direct: 619.497.6424 Fax: 619.299.8536 Cell: 619.889.1031 tmoore1031@gmail.com

License #00918512

16 Fantastic Units in Hillcrest 526-28 Anderson Pl., San Diego 92103

• Prime Hillcrest location just a few blocks from Balboa Park.

• All kitchens and baths have been tastefully remodeled.

• Seller installed a $45k solar water heating system which greatly reduces utility bills.

Video Tour: https://www.soldbyair.com/list/Terry-Moore-CCIM-526-28-Anderson-Pl-San-Diego-Ca-92103-Branded

$5,535,000

©2021 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

526-28 Anderson Pl., San Diego 92103

©2021 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

526-28 Anderson Pl., San Diego 92103

©2021 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

526-28 Anderson Pl., San Diego 92103

City State Zip Parcel Size Acres APN

526-28 Anderson Pl. San Diego CA 92103 7,135 0.16 452-282-06-00Rentable

Current Potential Current Sq Ft

17.8 16.3 3.3% 8,732

Units Bed Bath Current Rent Total Potential Rent Total Advertising $0 $15,2791 Studio 1 $1,625 $1,625 $1,770 $1,770

3 Studio 1 $1,495 $4,485 $1,630 $4,889 Cleaning / Turnover $0 $0

2 Studio 1 $1,475 $2,950 $1,610 $3,220

1 Studio 1 $1,450 $1,450 $1,580 $1,580 Credit Check / Bank $0 $1,600

1 1 1 $1,750 $1,750 $1,910 $1,910

2 1 1 $1,725 $3,450 $1,880 $3,761 Gardener $1,200 $10,400

2 1 1 $1,695 $3,390 $1,850 $3,700

1 1 1 $1,685 $1,685 $1,835 $1,835

1 1 1 $1,660 $1,660 $1,810 $1,810

2 1 1 $1,650 $3,300 $1,800 $3,600

0 Garage Spaces - Income $0 $0 $0 $0 Gas & Electric $1,766 $0

yes Laundry Income $240 $240 $240 $240

no RUBS $0 $0 $0 $0 Insurance $4,800 $64,760

no Other Income $0 $0 $0 $0 *Based upon sale price

Total Rental & Other Income $25,985 $25,985 $28,314 $28,314 Legal / Accounting $0 $4,000

0 Total Parking Spaces

0 Garage 0 Open $9,000 $11,200

Annual Operating Proforma Total Annual Expenses $124,005

Actual Potential Est Sq Ft: $14.20

Gross Rental Income $308,940 $336,890 Unit: $7,750

Plus Other Income $2,880 $2,880 GSI: 39.77%

Gross Scheduled Income $311,820 $339,770

Less: Vacancy Factor 2% $6,236 $6,795

Gross Operating Income $305,584 $332,974 Down Payment 48% Amount $2,678,940

Less: Operating Expenses 39.8% $124,005 $124,005 Interest Rate 3.30%

Net Operating Income $181,579 $208,970 # of Years Amortized Over 30

Less: First TD Payments $150,099 $150,099 Proposed Financing 52% Amount $2,856,060

Pre-Tax Cash Flow $31,480 $58,871 Existing Financing 0

Debt Coverage Ratio Current 1.21

10/1/2021

*The resident manager is the seller's sister. She is currently credited $9,000/year for her resident manager services.

Seller installed a $45k solar water heating system with four large storage tanks to provide hot water to tenants and laundry, making utility bills much lower than average.

Owner resurfaced the roof and then painted/sealed it with white reflective silicone. He reported that the roof temperature dropped more than 40 degrees. Residents report that their

summer interior temperature dropped 10 degrees. Their lower A/C bills makes the asset more desirable and boosts the rent potential. On premises owners workshop and storage area.

Financing Information

Prime Hillcrest location a few blocks from Balboa Park! Two Spanish-style buildings. Large units with high ceilings. All kitchens and most bathrooms have been tastefully remodeled.

Owner reports that actual vacancy was less than 1% for the last several years. One resident of seven and a half years stated that parking has never been an issue.

6th St. has no meters. 5th St. has meters. Some pay for one hour parking just prior to the meter requirements ending and are good for the rest of the night and just drive away the next morning.

16 8,7321911GRM

Price Potential $ / Unit

Expenses per:

3.8% $345,938

# Units Address Gross Sq. Ft.Yr Built (Aprx.)

CAP Rate %

©2021 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the

information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

APARTMENT INVESTMENT INFORMATION

Salaries

Taxes*

Trash Collection

Water & Sewer

Estimated Average Monthly Income Analysis Estimated Annual Operating Expenses

Mgt-Off Site

Miscellaneous

Repairs / Replacements

Painting

Mgt-On Site *

$ / Sq Ft

$5,535,000 $634